[Paradox]

Bear in mind that these numbers are misleading because Lockheed announced layoffs of 123,000, but was asked by the Obama Administration to delay the layoffs until after the election.

I didn't hear about this.. D anyone have a source? I call BS otherwise.

[MtnClimber]

I think the 123,000 number is false. That is the total number of Lockheed employees. It could be that they would need to send out a notice to every employee, but the layoff number would be much lower.

[Owen]

You are right to call BS. This is poor analysis.

Lockheed is required to issue notices by law 90 days before a layoff event when the layoff is large numbers. Lockheed, when this matter was discussed, was anticipating the Sequester in January. 90 days would be 1 October, but the people would not leave their jobs until January. They would still be employed during the survey week of 12 October.

So this is poor analysis.

[9YearLurker]

It’s true but I believe the notices are required well ahead of the actual layoffs, so those future job losses wouldn’t show up in October employment figures.